Dealing with sellers, real estate agents, inspectors and banks can all feel very frustrating, when all you are trying to do is find and purchase the best home for you and your family. The process of buying a home can be broken down into smaller steps, although quite a few of them. If the home-buying… Read More
First Time Homebuyer: All You Need to Know
Buying your first home is an exciting but confusing experience.
The anticipation of moving into a new home is exciting and denial is the last hurdle you want in your way. Even if it may feel like a significant setback, there are ways you can bounce back from it and come back in a stronger position that sets you up for financial success.… Read More
Whether the purpose is to work on home improvements, pay off debt, or avoid paying PMI (Private Mortgage Insurance), second mortgages let you borrow against the value of your home, using your home as collateral. However, second mortgages often come in at a higher interest rate than your first mortgage. Why is this? Well, there… Read More
Traditional loans require 20% down. On a $200,000 home, the down payment would be $40,000. That’s a considerable sum of money to generate.… Read More
Calculations regarding the duration and amount of the loan coupled with changing interest rates can make it a scary prospect. Get familiar with your current agreement with your lender to make sure you are making an educated choice.… Read More
2018 has brought with it many changes for potential homeowners; not least amongst them the new tax bill. The cons seem to outweigh the pros until you are looking at renting versus buying from a purely mathematical perspective. There are considerations that can be overlooked, which would otherwise prompt more Americans to favor buying over… Read More